Life After Santander InnoVentures, the Santander Group’s venture capital fund fintech, announced Tuesday an investment in Securitize, a California based startup which provides a worldwide solution for the issuance as well as management of digital assets with blockchain which is fully compliant with existing regulations.
This’s the eighth buy of InnoVentures in California and also contributes to the far more than twenty five investments in fintech businesses to particular date of the worldwide profile of this particular fund. The protocol produced by Securitize, and that facilitates the functioning in secondary markets in addition to the managing of capital functions (dividends, share repurchase applications, etc.) for digital assets, presently has probably the highest adoption rates in the industry with eleven assets digital broadcast presently, 5 sold on trading platforms ready to accept the public and dozens much more in reserve.
Manuel Silva Martínez, head and partner of Investment at InnoVentures, comments: “We have invested time betting on startups which redesign crucial components of the banking infrastructure using Securitize and blockchain technologies is actually a clear illustration of that. Investing in Securitize will consolidate us in the emerging industry of digital monetary assets. We look ahead to dealing with Carlos and the staff of his to revolutionize capital markets together. ”
Carlos Domingo, CEO and co-founder of Securitize, said: “The incorporation of crucial strategic investors, along with top blockchain investors, validates the transformative power of digital assets for standard financial markets. The investment of yours in Securitize guarantees that people are able to continue driving innovation and adoption through the technology of ours, leader in the industry “.
InnoVenture’s funding is actually among the investors in a brand new round of financing from Securitize, that has achieved fourteen dolars million with investors like Nomura and MUFG Holdings in order to keep on building its technology platform to modernize the economic advantage industry. This brand new round is actually an extension of the A series and also raises Securitize’s complete funding above thirty dolars million.
Santander InnoVentures is actually a company venture capital fund of 200 million from Santander Bank. SIV invests in emerging businesses in the fintech industry as well as adjacent areas to accelerate the growth of its, support big entrepreneurs and the teams of theirs, helping them with the capital, understanding and scale of the Santander Group.
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Because the launch of its in 2014, it’s invested in over twenty five firms, becoming 1 of the company venture capital money in the fintech industry backed by a far more energetic bank in the planet. Over seventy % of the vendors in the fund’s profile now have strategic agreements with Santander.
Banco Santander is actually a leading business bank and retail founded in 1857 and headquartered in Spain. It’s a crucial presence in ten important markets in America and Europe, and is actually probably the largest bank account in the eurozone in terminology of market capitalization. At the conclusion of June 2019, Santander had 1.03 billion euros in customer money (deposits as well as investment cash), 142 million clients, 13,000 limbs as well as 200,000 workers.
Securitize provides trusted worldwide solutions for the formation as well as management of digital assets which comply with existing regulations. The Securitize compliance platform as well as its protocol supply a proven full stack option for the issuance as well as management of digital assets (security tokens). The progressive Securitize DS protocol has probably the highest adoption rates in the industry and facilitates the realization of substance transactions in total compliance with the laws in force in several markets simultaneously. Different digital assets encouraged by Securitize are already outlined around the world in public markets with lots of more in reserve.